The General Assembly thank the Board of Trustees, Pension Trustee Directors, and Central Office Staff for all the work that has been done to progress a buy-out of the pension scheme. The General Assembly approve the decision of the Board of Trustees to use reserves to cover the buy-out …
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1. The General Assembly, seeking to clarify and update the legislation governing the retirement of Ministers, enact and ordain as follows: 1. Retirement. For a Minister inducted to a charge, or appointed to a full-time or part-time post the following rules apply: 1.1. Retirement shall normally be at State …
The Assembly authorise the Finance, Law and Advisory Committee to arrange for the following changes to the Pension Schemes to be incorporated into the new Schemes currently being drafted by the Church’s professional advisers. 1. The Disability Pension should be based on prospective service. The old provisions will continue …
The General Assembly direct that, subject to Inland Revenue and actuarial agreement and advice as to content and timing, increased benefits be provided by the Church’s Pension Schemes to the surviving spouses of deceased members using the principle that a pension be provided of one-half of the pension or …
1.The General Assembly in order to help meet the additional cost of funding the pension obligations adjust Act XIII, 1977 to the extent that the level of 75% of the National Average Wage as a standard Equal Dividend be reduced to 72% and that this 72% of National Average …
A. The General Assembly note and accept the changes made necessary in the present Pension Schemes by National legislation as follows: (1) Membership is to be voluntary. (However, as the Schemes confer considerable benefits on a non-contributory basis, this is unlikely to affect membership). (2) Preserved pensions, already partially …
The General Assembly direct that any proposed amendment to the Pensions Scheme must first be submitted to the Finance, Law and Advisory Committee for consultation with and approval by the relevant civil authorities. …
The Commission of Assembly approve the Pension Schemes, as adjusted to meet the directions of the General Assembly and the requirements of civil legislation, with effect from 16th March 1982. The texts of the adjusted Schemes are appended to the minutes of the Commission. The Finance Committee are instructed …
The General Assembly approve the revised rate of funeral grants and related benefits as follows: Death Grant: 6 per cent. of equal dividend for ministers, resident lay preachers and College professors. …
The General Assembly enact that a minister, whose resignation, on the ground of ill-health or old age, has been accepted by the Presbytery, or the appropriate oversight Committee, in terms of Practice (1964) pp. 36-37, and who is otherwise qualified in terms of the regulations, shall, on the Committee’s …